Telsey Advisory Group reaffirmed their outperform rating on shares of Floor & Decor (NYSE:FND) in a report issued on Monday, MarketBeat Ratings reports. The firm currently has a $54.00 target price on the stock, up from their previous target price of $47.00.

A number of other analysts have also recently weighed in on FND. Zacks Investment Research cut shares of Floor & Decor from a buy rating to a hold rating in a research note on Monday, September 11th. BMO Capital Markets started coverage on shares of Floor & Decor in a research note on Thursday, September 14th. They set a market perform rating and a $41.00 price target for the company. Piper Jaffray Companies reiterated a hold rating and set a $42.00 price target on shares of Floor & Decor in a research note on Thursday, October 12th. JPMorgan Chase & Co. started coverage on shares of Floor & Decor in a research note on Monday, October 16th. They set an overweight rating and a $46.00 price target for the company. Finally, Wells Fargo & Co reiterated a hold rating and set a $42.00 price target on shares of Floor & Decor in a research note on Thursday, November 2nd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $45.13.

Shares of Floor & Decor (FND) traded up $0.72 during trading hours on Monday, reaching $46.97. 808,803 shares of the company were exchanged, compared to its average volume of 1,027,638. The firm has a market cap of $4,390.00 and a PE ratio of 64.34. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.18 and a current ratio of 1.33. Floor & Decor has a 12-month low of $29.37 and a 12-month high of $49.86.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.03. The firm had revenue of $343.90 million during the quarter, compared to analysts’ expectations of $338.62 million. Floor & Decor had a net margin of 5.62% and a return on equity of 26.39%. Floor & Decor’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 EPS. analysts anticipate that Floor & Decor will post 0.66 earnings per share for the current fiscal year.

In other news, CEO Thomas V. Taylor sold 20,207 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $45.07, for a total value of $910,729.49. Following the completion of the transaction, the chief executive officer now owns 24,726 shares in the company, valued at approximately $1,114,400.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas V. Taylor sold 155,392 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $45.71, for a total transaction of $7,102,968.32. Following the completion of the transaction, the chief executive officer now owns 24,726 shares of the company’s stock, valued at approximately $1,130,225.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,647,246 shares of company stock valued at $201,948,218.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of Floor & Decor by 17.1% in the 3rd quarter. Brighton Jones LLC now owns 11,834 shares of the company’s stock valued at $461,000 after purchasing an additional 1,731 shares in the last quarter. FNY Partners Fund LP purchased a new position in shares of Floor & Decor in the 3rd quarter valued at about $116,000. Toronto Dominion Bank purchased a new position in shares of Floor & Decor in the 2nd quarter valued at about $157,000. Public Employees Retirement System of Ohio purchased a new position in shares of Floor & Decor in the 2nd quarter valued at about $179,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Floor & Decor in the 3rd quarter valued at about $208,000. Institutional investors and hedge funds own 93.49% of the company’s stock.

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Floor & Decor Company Profile

Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).

Analyst Recommendations for Floor & Decor (NYSE:FND)

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